Sky Equity Group Goes Vertical on Tribeca Condos

July 29, 2026

Condo Development Luxury New York More News Northeast

The project is backed by more than $300 million in construction financing.

A rendering of 65 Franklin Street, a 24-story luxury condominium project with 106 residences being built in Manhattan's Tribeca neighborhood. — A rendering of 65 Franklin Street, a 24-story luxury condominium project with 106 residences being built in Manhattan’s Tribeca neighborhood. *Image courtesy of Sky Equity Group*

Sky Equity Group has begun vertical construction of 65 Franklin Street, a 24-story, 106-residence luxury condominium project in Manhattan’s Tribeca neighborhood. The building broke ground in April and sales are slated to launch in 2027.

The developer secured a $320 million construction loan last year from G4 Capital Partners for the ground-up condominium development, located at the corner of Franklin Street and Broadway. The firm also acquired 59 Franklin St. from Bonjour Capital and air rights from 361 Broadway, a landmarked building across the street, for the development.

Sky Equity Group, a New York City-based real estate investment firm founded by Simon Dushinsky, became the project’s sole developer following a restructuring and recapitalization with HAP Investments in 2025. HAP Investments acquired the site, then known as 360 Broadway, for $46 million in 2018, according to reporting from TribecaCitizen.com.

What’s planned and what’s nearby

Condos at 65 Franklin Street will have floorplans ranging in size from one- to five-bedrooms. The project will include ground-floor retail space with 22-foot ceilings along Broadway, alongside additional frontage on the second floor and along Franklin Street. A swimming pool, private porte-cochère entrance and parking garage are among the amenities planned for the property.

COOKFOX Architects designed the building and the interiors. Reflecting Tribeca’s heritage, the building will have a hand-laid brick façade with landscaped loggias.

Residents of 65 Franklin Street will be close to restaurants including One White and Atera, alongside boutiques, social clubs and art galleries. Tribeca’s parks and the Hudson River waterfront are also nearby.

Skyward in two boroughs

A rendering of the entrance to 65 Franklin Street. *Image courtesy of Sky Equity Group*

Last month, Sky Equity Group topped out its first Manhattan condo development—260 E. 72nd St. on the Upper East Side. Sales for the luxury 60-unit project are scheduled to launch in the fall of this year. The building will feature two-, three-, four- and five-bedroom condominiums alongside ground-floor commercial space.

Following a restructuring and recapitalization completed in 2024, Sky Equity Group became the lead developer for the project, previously overseen by Chetrit Group.

Sky Equity Group also has several residential projects in various stages of development throughout Brooklyn. In July of last year, the firm completed Westmark, a two-tower luxury rental community at 313 Bond St. in Gowanus. Sky Equity Group refinanced the development in July 2025 with a $340 million loan from Affinius Capital. That note replaced a $294 million construction loan from G4 Capital, and was used to finish construction and lease the buildings until stabilization. The project includes 51,000 square feet of commercial and retail space.